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syswizard

Registered: Jun 2004
Posts: 3605

09-23-12 04:38 PM

I know everyone is talking about silver and gold. But here, in this weakening global economy, we have copper near $4/pound.
Is this an obvious short or what am I missing ?

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FrankSlaughtery

Registered: Aug 2010
Posts: 810

09-24-12 11:18 AM

not to nit pick but it's 3.73 which is not a small difference. just focus on the price not the economy b/c you don't trade the economy.

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syswizard

Registered: Jun 2004
Posts: 3605

09-25-12 03:02 AM

Quote from FrankSlaughtery:

you don't trade the economy.

Really ? So there is no effect on commodities prices from economic activity levels ?

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syswizard

Registered: Jun 2004
Posts: 3605

09-27-12 01:24 AM

Nice breakdown in HGZ2 today.

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fridaytrader

Registered: Sep 2012
Posts: 12

09-27-12 05:41 AM

Quote from syswizard:

Really ? So there is no effect on commodities prices from economic activity levels ?

of course there is effect...you'll see how QE3 will stimulate prices for commodities

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peilthetraveler

Registered: Jun 2005
Posts: 7056

09-27-12 07:50 AM

Quote from syswizard:

I know everyone is talking about silver and gold. But here, in this weakening global economy, we have copper near $4/pound.
Is this an obvious short or what am I missing ?

Inflation. Thats what you are missing. Its like remembering when you were a kid and paying 75 cents for a comic book and seeing that they cost $3 today and being sure the price is too high and it will come down. It wont. Copper, silver and gold are all going up.

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